Alistair Burns - Jun 9, 2022 Form 3/A - Amendment Insider Report for Virgin Galactic Holdings, Inc (SPCE)

Role: Chief Information Officer
Signature: /s/ Aaron Futch, Attorney-in-fact for Alistair Burns
Stock symbol: SPCE
Transactions as of: Jun 9, 2022
Transactions value $: $0
Form type: 3/A - Amendment
Date filed: 1/27/2023, 04:38 PM
Date Of Original Report: Jun 13, 2022
Next filing: Jul 11, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	SPCE	Common Stock						94.9K	Jun 9, 2022	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Includes: (1) an award of 48,900 restricted stock units ("RSUs") granted on February 11, 2021, which vested as to 25% of the RSUs on November 9, 2021 and the remaining 75% of which vested in 36 monthly installments thereafter beginning on December 30, 2021; (2) an award of 10,249 RSUs granted on September 27, 2021, which vested as to 25% of the RSUs on September 25, 2022 and the remaining 75% of which vested in 12 quarterly installments thereafter beginning on January 23, 2023; and (3) an award of 42,255 RSUs granted on March 16, 2022, in which 25% of the RSUs will vest on March 16, 2023 and the remaining 75% of which will vest in 12 quarterly installments thereafter beginning on June 16, 2023, in each case, subject to the Reporting Person's continued service through the applicable vest date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.
F2	This Form 3 Amendment is being filed to correct an error in Table I, Column 2 of the Reporting Person's Form 3 filed on June 13, 2022 (the "Original Filing") to account for certain withholdings for RSUs that vested between November 2021 and May 2022. The amount reported in Column 2 of Table I has been updated to reflect the number of shares of common stock held by the Reporting Person as of the date of the Original Filing.

Content

Includes: (1) an award of 48,900 restricted stock units ("RSUs") granted on February 11, 2021, which vested as to 25% of the RSUs on November 9, 2021 and the remaining 75% of which vested in 36 monthly installments thereafter beginning on December 30, 2021; (2) an award of 10,249 RSUs granted on September 27, 2021, which vested as to 25% of the RSUs on September 25, 2022 and the remaining 75% of which vested in 12 quarterly installments thereafter beginning on January 23, 2023; and (3) an award of 42,255 RSUs granted on March 16, 2022, in which 25% of the RSUs will vest on March 16, 2023 and the remaining 75% of which will vest in 12 quarterly installments thereafter beginning on June 16, 2023, in each case, subject to the Reporting Person's continued service through the applicable vest date. The RSUs will be settled in shares of the Issuer's common stock upon vesting.

This Form 3 Amendment is being filed to correct an error in Table I, Column 2 of the Reporting Person's Form 3 filed on June 13, 2022 (the "Original Filing") to account for certain withholdings for RSUs that vested between November 2021 and May 2022. The amount reported in Column 2 of Table I has been updated to reflect the number of shares of common stock held by the Reporting Person as of the date of the Original Filing.